Latitude Brokers

What Latitude Brokers does

Latitude Brokers is a Hong Kong-based marine insurance brokerage founded in 2014, specializing in the placement of insurance coverage for the shipping and offshore industries. The firm serves vessel owners, ship operators, and offshore energy companies requiring specialized coverage such as Hull & P&I, cargo, marine liabilities, and offshore construction risk. Its team is drawn from diverse marine industry backgrounds, including marine lawyers, claims recovery agents, logistics providers, ship operators, ship brokers, insurers, and insurance brokers, supporting tailored risk assessment and policy placement.

The business operates as a B2B brokerage on a commission-based revenue model, earning transaction fees from insurers based on premium volumes placed on behalf of clients. Pricing is negotiated case-by-case depending on coverage requirements and risk profiles. Distribution occurs through direct, relationship-based engagement with enterprise maritime clients rather than via digital channels.

Following its 2021 acquisition by France-based Filhet-Allard Maritime, Latitude Brokers operates as part of the parent's Asia operations under the management of Andrew Brooker and Vanessa Toucas, with offices in Hong Kong and Singapore. The firm benefits from access to the parent's global marine insurance network spanning Europe, Africa, and Asia, enabling cross-border placement capacity for Asian clients while maintaining a specialized regional focus on shipping and offshore risks.

Name

Latitude Brokers

Legal name

Latitude Brokers

Website

https://latitudebrokers.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Latitude Brokers is a Hong Kong-founded marine insurance brokerage acquired by Filhet-Allard Maritime in 2021, serving shipping and offshore energy clients in Asia through offices in Hong Kong and Singapore on a commission-based placement model.

Ownership category

akta.pro rank

Product category

Marine Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH), Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)

Keywords

• Marine insurance brokerage
• Hull and P&I coverage
• Offshore energy insurance
• Maritime risk management
• Cargo insurance solutions

Headquarters

HQ city

Wong Tai Sin

HQ country

Hong Kong SAR China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Brokerage Commissions: Latitude Brokers generates revenue through commission-based compensation from placing insurance policies on behalf of clients in the shipping and offshore sectors. As an insurance broker, the firm earns commissions from insurers based on premium volumes placed, representing a transactional revenue model tied to insurance contract placement.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Latitude Brokers is an insurance brokerage firm that places marine and offshore insurance coverage on behalf of clients in the shipping and offshore industries. The firm arranges hull and machinery, protection and indemnity (P&I), cargo, marine liability, and offshore energy coverage, leveraging Filhet-Allard Maritime's global insurance market access from offices in Hong Kong and Singapore.

Product overview

Latitude Brokers operates as an acquired brand within Filhet-Allard Maritime's Asia operations. Founded in Hong Kong in 2014, it functions as a marine insurance specialist offering expertise in the shipping and offshore industries through teams located in Hong Kong and Singapore. The company was acquired by Filhet-Allard Maritime in 2021, expanding their Asian presence under the management of Andrew Brooker and Vanessa Toucas.

Differentiator

Problem solved

Functional benefit

Products and services

• Hull and P&I Insurance Marine insurance brokerage covering hull and machinery insurance along with Protection and Indemnity (P&I) coverage for ship owners and operators in the shipping industry.
• Cargo Insurance Insurance brokerage services for cargo coverage during maritime transportation, serving shipping companies and cargo owners.
• Marine Liabilities Insurance Maritime liability coverage brokerage for vessel operators and maritime businesses exposed to third-party liability risks.
• Port and Maritime Operations Insurance Insurance brokerage for port and maritime operational risks, covering port operators and maritime service providers.
• Offshore Energy Insurance Specialized insurance brokerage for offshore energy operations including offshore platforms, subsea equipment, and offshore construction insurance for oil and gas exploration and production companies.
• Business/Corporate Risks Insurance Corporate risk insurance brokerage for marine and offshore industry clients requiring broader business risk coverage beyond operational marine policies.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Howden: Specialty insurance broker with a dedicated marine and energy practice operating across Asia, including Hong Kong. Competes directly with Latitude Brokers for marine hull, P&I, cargo, and offshore energy placements in the region while operating a comparable relationship-led model.
• McGill and Partners: Independent boutique marine and specialty insurance broker with offices in London, New York, and Singapore. Direct competitor to Latitude Brokers in marine hull, P&I, and offshore energy broking, with comparable niche-specialist positioning and similar scale.
• Lockton Asia: Largest independent insurance broker globally with a marine and energy practice in Asia. Competes with Latitude Brokers for specialty marine and offshore accounts, sharing a relationship-driven, specialty-broker culture.

Broad incumbents

• Marsh Ltd. World's largest insurance broker with a substantial marine and shipping practice across Hong Kong, Singapore, and broader Asia. Overlaps with Latitude Brokers in marine hull, P&I, and offshore placement, but as part of a much broader brokerage portfolio.
• WTW Asia (Willis Towers Watson): Global insurance and reinsurance broker with marine specialty capabilities in Hong Kong and Singapore. A larger broad-line competitor that overlaps with Latitude Brokers in marine hull, P&I, and offshore placement for Asian clients.
• Aon Asia: Global insurance broker with marine, cargo, and offshore energy practices across Asia. Competes with Latitude Brokers for marine insurance placements but at a vastly larger scale, serving multinational shipowners and offshore operators.

Regional players

• Besso Insurance: Specialty insurance broker with a marine practice primarily serving clients in the London market and selected Asian hubs. Comparable niche-marine specialization, but anchored in London rather than Asia, so overlap is partial rather than head-to-head in regional mandates.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/LatitudeBrokers

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Latitude Brokers